Advisory Services Network LLC Sells 92 Shares of Chevron Corporation (CVX)
Advisory Services Network LLC reduced its holdings in Chevron Corporation (NYSE:CVX) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,280 shares of the oil and gas company’s stock after selling 92 shares during the quarter. Chevron comprises 0.6% of Advisory Services Network LLC’s investment portfolio, making the stock its 13th biggest holding. Advisory Services Network LLC’s holdings in Chevron were worth $4,620,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $106,000. Thompson Davis & CO. Inc. raised its holdings in Chevron by 20.0% during the first quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. raised its holdings in Chevron by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Daiwa SB Investments Ltd. raised its holdings in Chevron by 438.5% during the second quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the last quarter. 63.93% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Credit Suisse Group set a $123.00 price objective on Chevron and gave the stock a “buy” rating in a report on Friday, August 25th. Barclays raised Chevron to an “overweight” rating in a report on Wednesday, October 11th. Vetr cut Chevron from a “buy” rating to a “hold” rating and set a $124.92 price objective for the company. in a report on Monday, October 16th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Friday, November 17th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. Chevron currently has an average rating of “Hold” and a consensus target price of $121.22.
Chevron Corporation (NYSE:CVX) opened at $119.93 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $227,326.56, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. Chevron Corporation has a 1 year low of $102.55 and a 1 year high of $122.30.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $36.21 billion during the quarter, compared to the consensus estimate of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. Chevron’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. sell-side analysts forecast that Chevron Corporation will post 4.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.60%. The ex-dividend date was Thursday, November 16th. Chevron’s payout ratio is 125.95%.
In other news, CFO Patricia E. Yarrington sold 13,143 shares of Chevron stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the completion of the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at $2,067,994.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the sale, the insider now directly owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock valued at $36,540,822 in the last three months. 0.38% of the stock is currently owned by company insiders.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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